The market for dosage cups saw consistent growth, with global revenues increasing by 4.6% over the previous year. Sales of dose cups are expected to reach US$3.3 billion between 2021 and 2031, according to Future Market Insights (FMI). Over the course of the assessment period, the market is expected to increase at a 5.0% CAGR.
The global consumption of dosage cups is anticipated to reach 45.2 billion units in 2021, up 4.4% year over year (YoY). According to estimates, demand in the US market will grow by 3.7% annually in 2021, outpacing sales of US$ 429.5 Mn.
Increasing application of dosage cups within hospitals, pharmaceuticals, clinical labs, medical institutions, and households are spurring sales in the market. Innovation in dosage cups such as launch of child-resistant caps is helping the market gain traction.
Sustainability concerns among end users and consumers are improving the demand for reusable dosage cups. However the sales of disposable cups is poised to surge following the outbreak of COVID-19. These cups are preferred more to prevent the risk of spreading infection.
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Key Takeaways from Dosage Cups Market
- By capacity, up to 15ml segment is estimated to be the leading segment among the other segment. It is anticipated to expand at a CAGR of 6.8% during 2021-2031.
- By product type, the disposable segment is forecast to increase at a higher pace during the assessment period. Demand in this segment is estimated to increase 2.1x times the current market value during next ten years.
- By printing, printed segment is anticipated to hold around half of the market share, creating an incremental opportunity of US$ ~817.7 Mn.
By end users, the pharmaceutical segment followed by the hospital segment is anticipated to lead the market.
- India is expected to spearhead the growth of South Asia Market
- China and the U.S. are anticipated to emerge as highly lucrative markets for dosage cups
What are the Factors Driving Dosage Cups Demand?
Outbreak of COVID-19 across the globe aided the expansion of healthcare and pharmaceutical industry. With the outbreak of the pandemic, demand for medicines and vaccines to curb the spread of the disease increased and so did the demand for dosage cups.
Governments across the globe encouraged pharmaceutical companies to increase their production capacity to meet the rising demand for healthcare & pharmaceutical products. This also improved the adoption of dosage cups.
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Competitive Landscape
Key players engaged in manufacturing dosage cups are focusing on increasing their production capacity by expanding their manufacturing facilities to meet the rising demand. Also, the dosage cups manufacturers are trying to increase their global footprint through merger & acquisitions with local players.
For instance,
- In July 2021, H&T Manufacturing Ltd. announced the acquisition of Novelex AG, a manufacturer of plastic components and devices for the pharmaceuticals industry.
- In June 2020, Comar LLC expanded its footprint in East Coast by building a new plant, which will help in expanding their capacity.
- In January 2020, LLC Farmmash launched the new dosing cup SD-15, which can be equipped with a child resistance cap and this dosing cup ranges from 20 ml to 25 ml.
Key Companies Profiled
- Sonoco Products Company
- Origin Pharma Packaging
- Comar LLC
- Adelphi Healthcare Packaging
- SGH Healthcaring
- Gerresheimer AG
- Hammarplast Medical AB
- Medline Industries, Inc.
- Plastic Bubbles
Dosage Cups Market by Category
By Capacity:
- Upto 15ml
- 16ml to 35ml
- Above 35ml
By Product Type:
- Reusable
- Disposable
By Printing:
- Printed
- Non-printed
- Embossed
By End-Users:
- Hospitals
- Clinical Labs
- Medical Institutions
- Households
- Pharmaceuticals
- Others
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
About Future Market Insights, Inc.
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